Multisector Growth Models: Theory and Application - Couverture souple

Roe, Terry L. L.; Smith, Rodney B. W.; Saracoglu, D. Sirin

Couverture souple

ISBN 10 : 1489985069 ISBN 13 : 9781489985064

Editeur : Springer, 2014

Synopsis

The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.

A propos du livre

Présentation de l'éditeur

This book provides a practical foundation in general equilibrium theory, discusses how to link the theory to real economic data, and provides clear instructions on how Mathematica can be used to construct model simulations for policy and other analysis.

Détails de l'édition

• Éditeur: Springer
• Date d'édition: 2014
• Langue: anglais
• ISBN 10: 1489985069
• ISBN 13: 9781489985064
• Reliure: Broché
• Nombre de pages: 344
• Coordonnées du fabricant: non disponible
• Personne responsable: CMN Printpool Inh. Mathis Neumann; https://www.also.com/ec/cms5/en_6000/6000/index.jsp; ; Friedrich-Karl-Str. 9; Hamburg; Allemagne